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Headquartered in Shenzhen, WeBank was established by Tencent, Baiyeyuan, Liye Group and other well-known private enterprises, and opened in December 2014 with the approval of regulatory authorities.
On December 12, 2014, the China Banking Regulatory Commission (CBRC) announced that Shenzhen Qianhai WeBank, a private bank owned by domestic Internet giant Tencent, had been officially approved for operation, making it the first Internet bank in China.
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WeBank is the first digital bank in China, which adopts the operation model of all online and wireless offline outlets, focusing on providing convenient, high-quality, and differentiated financial services for small and micro enterprises and the public, and providing users with comprehensive financial services including online bank accounts, deposit and wealth management, microfinance and payment.
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